GAP (NYSE:GAP) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of GAP (NYSE:GAP - Free Report) in a research report report published on Friday,Benzinga reports. Telsey Advisory Group currently has a $26.00 target price on the stock. Telsey Advisory Group also issued estimates for GAP's Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.49 EPS, FY2026 earnings at $2.20 EPS, Q2 2027 earnings at $0.59 EPS, Q3 2027 earnings at $0.71 EPS and FY2027 earnings at $2.38 EPS.

Several other equities research analysts have also recently issued reports on GAP. Jefferies Financial Group restated a "hold" rating and set a $29.00 price objective (up previously from $26.00) on shares of GAP in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Robert W. Baird dropped their target price on GAP from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Citigroup reaffirmed a "buy" rating and set a $33.00 target price (up from $22.00) on shares of GAP in a research report on Friday, May 23rd. Finally, Morgan Stanley decreased their price target on GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, GAP presently has an average rating of "Moderate Buy" and an average target price of $28.47.

GAP Stock Down 19.8%

NYSE GAP traded down $5.53 during trading on Friday, reaching $22.42. 58,604,639 shares of the company's stock were exchanged, compared to its average volume of 7,565,454. GAP has a 1 year low of $16.99 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The stock has a market cap of $8.44 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.94 and a beta of 2.24. The company has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $22.92.

GAP (NYSE:GAP - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.41 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities research analysts anticipate that GAP will post 2.02 EPS for the current fiscal year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.94%. GAP's dividend payout ratio (DPR) is presently 29.86%.

Insider Activity

In related news, insider Sarah Gilligan sold 29,813 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $20.34, for a total transaction of $606,396.42. Following the sale, the insider now owns 2,634 shares of the company's stock, valued at $53,575.56. The trade was a 91.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katrina O'connell sold 80,029 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $20.35, for a total value of $1,628,590.15. Following the sale, the chief financial officer now directly owns 8,290 shares in the company, valued at approximately $168,701.50. The trade was a 90.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,880 shares of company stock valued at $4,985,854. Insiders own 31.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC acquired a new position in GAP during the first quarter valued at $30,000. First Horizon Advisors Inc. bought a new stake in GAP during the first quarter worth approximately $75,000. Brooklyn Investment Group bought a new stake in GAP during the first quarter worth approximately $80,000. Deseret Mutual Benefit Administrators bought a new stake in GAP during the first quarter worth approximately $81,000. Finally, Covestor Ltd acquired a new position in shares of GAP during the first quarter worth approximately $82,000. Institutional investors own 58.81% of the company's stock.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.